AmBank and Visa have entered into a strategic partnership to elevate its credit card propositions and offerings to the market, the first among local banks in the industry.
The first initiative to complement its partnership with VISA is the launch of the new cash rebate credit card.
The AmBank cash rebate credit card is launched to meet the new normal needs of customers, with a unique proposition that rewards cash rebates on groceries, pharmacy and online spends including eWallet reloads, aimed to address present consumer spending behaviours on essentials.
With this credit card, customers get up to 8 per cent cash rebate on these categories.
The Managing Director, Retail Banking, AmBank, Aaron Loo said, they are pleased to collaborate with VISA in their quest to provide seamless spending experience and attractive rewards for their customers.
“With the current spending behaviours, we are launching a card which would suit our cardholders’ needs.
“Hence the reason why we have specifically chosen these three categories – groceries, pharmacy and online to make essential spend more affordable for our customers,” he said.
Customers can enjoy cash rebate on their necessities when they buy groceries at various prominent grocers such as Jaya Grocer, Giant, Tesco, AEON, Village Grocer, Mercato, Cold Storage and Econsave.
As for spend at pharmacies, customers are able to enjoy cash rebate at Caring, Guardian, Watson and Big Pharmacy, among others.
In addition, customers will be rewarded with unlimited 0.1 per cent cash back on all other eligible retail spend.